Required Fintech Reading: Nov 22 - 28

"The checkbook is dead. While we're at it, let's write an obit for card readers too. And if you've ever worried about who might be looking over your shoulder at the ATM machine, or the exorbitant fee that money transfer will cost you, don't fret. In years to come — not even that many — these problems won't even exist as the way we bank and control our finances will change vastly. It already has in many ways."

"Financial companies worldwide will spend more than half a trillion dollars on technology by 2018 to support areas including risk management and regulatory compliance, and address other issues stemming from the 2008 financial crisis, according to the latest figures from research firm IDC Financial Insights."

"Banking and the need for banking has not changed — it is the customer habits that have changed. Therefore, the way in which banks communicate information and messaging has to change to meet the needs of these younger customers."

"Traditional banks look at digital as a channel, alongside mobile and internet and telephone and branch. Digital banks think that there are no channels; just access points internally and externally to their digital architecture which sits at their core."